Form 4: R. Philip Silver Gifts 2,100,000 Shares of Silgan Holdings to Family Foundation

R. Philip Silver, a former 10% owner of Silgan Holdings, gifted 2,100,000 shares of common stock to a family foundation for estate planning purposes.

Summary

• R. Philip Silver gifted 2,100,000 shares of Silgan Holdings Inc. common stock to a family foundation on January 31, 2025.
• The shares were gifted from a revocable family trust for which Mr. Silver is the trustee.
• Mr. Silver has sole voting and dispositive power over the trust.
• The family foundation has no voting or dispositive power and Mr. Silver has no pecuniary interest in it.
• As a result of this transaction, Mr. Silver is no longer a 10% beneficial owner of Silgan Holdings.
• Mr. Silver still indirectly owns 61,411 shares through a revocable family trust.

Sentiment

Score: 5

Explanation: The document describes a transaction related to estate planning, which is neutral in terms of company performance. The sentiment is therefore considered neutral.

Industry Context

This transaction is a personal financial matter for R. Philip Silver and does not directly reflect on the operational performance or strategic direction of Silgan Holdings.

Stakeholder Impact

• The transaction may have a minor impact on shareholders due to the change in beneficial ownership, but it is unlikely to significantly affect the company's operations or financial performance.

Key Dates